EU Observer, Nick Jacobs, 15 November 2012
What if, instead of saying that Europe must get back to growth, European Commission chief Jose Manuel Barroso decided to say the opposite?
For all of its bluster, the current EU budget battle is being waged over fairly narrow stakes: whether Europe will get back to growth more quickly by spending a little more or a little less at the EU level. The stakes are narrow, firstly because what is spent at EU level is only a fraction of public spending in the 27 member states, and secondly because all of the bickering is focused on how to get growth, and not on whether it is actually necessary or desirable.
Do alternatives to growth really exist? The debate remains on the margins of the public political sphere, but in Europe and elsewhere serious academic theories and grassroots movements are building around the idea of a ‘steady state economy’ with zero growth, or even ‘sustainable degrowth’.